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The Australian dollar rose to 79.29 US cents, its strongest level since February 2018, as commodity prices continued to surge. The ASX 200 closed higher despite a Nasdaq sell-off led by Tesla and Apple, and Australia's 10-year yield rose to 1.65 percent.
Broad commodity price gains lift the Aussie, which raises the USD cost of Australian exports and can soften offer prices for Australian grain and barley. The story mainly reports currency and equity market moves.
abc.net.auDavid ChauFeb 22, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
